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SPI Weekly Korean Market Update(6/5~6/12)

2022. 06. 13 · SPI
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Korean RE HQ in Susong-dong, Jongno-gu to be Redeveloped into Office Building with Concert Hall The Korean Re-insurance building in Susong-dong, Jongno-gu, Seoul is undergoing redevelopment, and will become an office building complete with a concert hall. The Susong-dong Urban Redevelopment Zone 1-7 Plan was revised and approved at the 7th Seoul Urban Planning Committee subcommittee meeting on June 8. The building was completed in April 1985 and has 3 basement levels and 12 above-ground levels, with a floor area of 39,357㎡. Building safety and urban landscape deterioration were cited as reasons for its redevelopment. The building will be transformed into host for cultural events, business, neighborhood facilities, and a […]

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